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The latest update is out from Engenco Limited ( (AU:EGN) ).
Elph Investments Pty Ltd has announced an off-market takeover bid for Engenco Limited, a company listed on the Australian Securities Exchange. The bid aims to acquire all ordinary shares of Engenco, and as of the latest update, Elph Investments has gained 93.20% voting power in Engenco, making the offer unconditional. This move signifies a significant consolidation of control by Elph Investments over Engenco, potentially impacting the company’s strategic direction and stakeholder interests.
More about Engenco Limited
Average Trading Volume: 36,448
Technical Sentiment Signal: Hold
Current Market Cap: A$96.38M
For a thorough assessment of EGN stock, go to TipRanks’ Stock Analysis page.